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- W1607974878 abstract "This paper develops equilibrium correction models for money demand of European-wide monetary aggregates based on a multivariate cointegration analysis. It will be shown that whether or not the UK is a member of the monetary union does not affect the empirical stability of area-wide money demand models. However, there is evidence that the properties of a money demand model for an area that previously did not include UK might change just when the UK will join the union. The models' dynamics and the superexogeneity status of output are different in models that do contain UK in their areas compared with those which do not." @default.
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- W1607974878 date "1998-06-01" @default.
- W1607974878 modified "2023-09-27" @default.
- W1607974878 title "European Money Demand and the Role of UK for its Stability: A Cointegration Analysis" @default.
- W1607974878 hasPublicationYear "1998" @default.
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